Wednesday, December 19th 2012 is the day of the presidential election.

As far as I understand, the presidential election day is declared a national holiday by the government, i.e. a "Red Day" -- in which schools, government offices, banks, many companies, are all closed. If we are being asked to work on that day, are we legally entitled to overtime pay?

And if so, what is the overtime rate, by law? Is it 150% of normal daily pay? So, on a 2.2 million base salary, dividing that by 30 and multiplying by 1.5 = 110,000. Should an employee of a hagwon (at 2.2 million) receive 110,000 in extra pay for working on this Election 'Red Day'?

Wednesday, December 19th 2012 is the day of the presidential election.

As far as I understand, the presidential election day is declared a national holiday by the government, i.e. a "Red Day" -- in which schools, government offices, banks, many companies, are all closed. If we are being asked to work on that day, are we legally entitled to overtime pay?

And if so, what is the overtime rate, by law? Is it 150% of normal daily pay? So, on a 2.2 million base salary, dividing that by 30 and multiplying by 1.5 = 110,000. Should an employee of a hagwon (at 2.2 million) receive 110,000 in extra pay for working on this Election 'Red Day'?

Election day is not a red day. It is not a legal holiday.

Public schools are generally closed and some large businesses take the day off. Other schools and the rest of Korea will be working.

I've read several articles in Korean newspapers stating that election day is not an official holiday but should be. So no, it is not an official holiday. Many unions are demanding it be made an official holiday so they can vote without losing a day's worth of wages.

This same discussion came up in april (National Assembly election) & this will be the same deal. As a holiday, its "national" in scope but its deemed a "special holiday," not a red day on the calendar.

Public schools will be closed. A few hagwons might choose to close, but for most it will be business as usual. OT pay, forget it. Universities, I dont know.